Ethereum-based distributed network platform Aragon has announced its collaboration with leading global exchange ShapeShift just before their upcoming token sale. Aragon is counting ICONOMI and CoinFund among its pre-sale buyers.

Users will now be able to purchase Aragon Network Tokens (ANT) using the variety of tokens on the ShapeShift platform. Some of them are Bitcoin, Ether and Litecoin.

What is Aragon?

Founded by Luis Cuende and Jorge Izquierdo, the Aragon network is the first management tool to help with creation and management of companies. The service is based on the Ethereum blockchain and has core features such as cap table management, governance, fundraising, payroll and accounting.

The Ethereum network allows minimally-specified organizations to exist using Aragon Core, with a module system in place to add functionality to the initial code. As a result, fully decentralized organizations can exist on the Aragon Network.

The Aragon testnet has hosted a growing number of organizations (from around 770 to over 2,500) and a large online community (of over 2,100) within the digital communications platform Slack.

Selling tokens

The token sale has begun yesterday on May 17, 2017. The funds, released in the form of ANT, will be used for Aragon Core`s and the Aragon Network`s future development.

As Co-Founder and Project Lead at Aragon Luis Cuende explained:

“[T]he Aragon token sale will be one of the first to restrict Founder and early contributor rewards with tokens which vest using smart contracts. We believe vesting should become a de-facto standard for all blockchain projects.”

ANT holders can reportedly use the tokens to interact on the platform. They will have the opportunity to change subscription fees and minting rates, decide on services provided, vote on capital allocations and investments, network upgrades and other important governance decisions.